High Performance Procurement: Getting More Savings to the Bottom Line, Faster

By Bernie Donachie, Protiviti Managing Director

Only a low percentage of chief procurement officers and chief finance officers feel that they have “very effective” sourcing, according to the 2017 Protiviti Procurement Survey. This article examines the responses of top performers from the survey to determine what traits they had in common—specifically, how they analyze spending patterns, align with other business functions, and establish an effective savings governance program.

For the most part, the answers of the top performers paint a picture of confidence and solid understanding of the need for strong connection between procurement and finance. For those not yet there, Protiviti Managing Director Bernie Donachie provides a few recommendations.